16143 Palmetto Hill St, Clermont, FL 34714
4 beds · 3 baths · 2,546 sqft
Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Welcome to this stunning 4-bedroom, 3-bathroom home located in the highly sought-after ORANGE TREE community. Situated on a desirable CORNER LOT, this home offers an abundance of space and natural light, highlighted by vaulted ceilings in the main living areas that create an open and airy atmosphere. The thoughtfully designed layout maximizes both function and flow, making it the perfect home for entertaining and everyday living. It is the ideal single-family home or investment property. This home features several upgrades including elegant French doors and updated windows (2023) that enhance the space's style and efficiency. Updates also include a new roof & gutters (2023-2024), and fresh paint both inside and out, ensuring a move-in ready experience for its new owners. As you enter, you'll be greeted by a formal dining room and formal living room, setting the stage for memorable gatherings. The kitchen and dinette open seamlessly into the family room. French doors lead from the family room to a private outdoor oasis featuring a heated inground pool and spa, all under a screened enclosure. The spacious deck provides the perfect spot to relax and enjoy Florida’s beautiful weather. The home’s split-bedroom floor plan ensures privacy and comfort. The master suite, located just off the formal living room, is a true retreat, it features two walk-in closets and a luxurious ensuite. The ensuite features separate his-and-hers vanities, a garden tub, a separate shower, and a private water closet. Three additional bedrooms and two bathrooms are located on the opposite side of the home, offering plenty of space for family or guests. Ceramic tile flooring runs throughout the home, providing durability and easy maintenance. Additional features include natural gas and electric utilities for added convenience. The community of Orange Tree is renowned for its mature trees, pickleball courts, and playground. Don’t miss the chance to make this beautiful home your own! Call today to schedule a private showing and experience all that this exceptional property has to offer.
Source: STELLAR #O6275984
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6275984
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 620, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.